Author: NBTC

Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term. Meanwhile, the Relative Strength Index is demonstrating a clear overbought signal that hints at a possible correction in the near term. Yet, with the $48K area turning into a…

The availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks has sharply decreased, with reports suggesting that at one point, only about 40 BTC were available for sale. This news has significant implications for the market and could herald a new era in BTC trading dynamics. OTC Desks Had 40 Bitcoin Available On Wednesday Caitlin Long, the CEO and founder of Custodia Bank, provided an eye-opening account of the current state of the OTC Bitcoin market. Through a series of posts on X (formerly Twitter), Long noted, “The #HODLgang has mostly held…I spent time in NYC over the past couple of…

In an exciting turn of events witnessed within the cryptocurrency landscape, Ethereum whale accumulations appear to be on the rise as the token’s price has recently noted a significant downturn. As per on-chain data surfacing over the crypto horizon, two prominent whales appear to be on a buying spree, accumulating Ethereum at price dips. These whales have previously been observed accumulating ETH at price lows, thereafter selling them at price highs, nabbing noteworthy profits. Meanwhile, as the accumulations emerge amid the token’s price plunge, market sentiments for Ethereum are taking a thrilling twist, hinting at bolstered prices shortly ahead. A…

While there is very little time left for the FED to announce its January interest rate decision, interest rate cut expectations are increasing. While Bitcoin and cryptocurrency markets are closely following when the FED will cut interest rates, a statement on interest rates came from former FED official James Bullard and James Bullard and Goldman Sachs official Joshua Schiffrin. First speaking to the Wall Street Journal, Bullard said the Fed could potentially start cutting interest rates in March, before inflation reaches 2 percent. In his statement, Bullard stated that the core inflation rate, excluding food and energy prices, may decrease…

Flare (FLR) is bullish after its co-founder Hugo PHILION shared news of XRP integration into its network. At the time of writing, the FLR price has jumped 7.1% over the past 24 hours to $0.03175. The price rose 10% over the weekend as bulls weighed in the impact of XRP on the protocol. Despite their close association with Ripple Labs, FLR and XRP do not have unique ways to interoperate, an integration problem that Philion and his team are now looking to solve. Taking to his official X page, Philion noted that “FXRP will enable XRP to come to Flare…

VC investor and Bitcoin podcaster Anthony Pompliano has voiced a mega-bullish Bitcoin prediction. He expects the price of digital gold to continue rising way above the $50,000 level and the reason is not the upcoming halving event. “Bitcoin price has to go higher”: Pompliano Pompliano, known on Twitter as simply “Pomp”, took to this platform to make a major Bitcoin price prediction. The angel investor believes that the $50,000 level reached yesterday is not the last stop for the flagship cryptocurrency. Pompliano did not make any specific predictions. However, he stated that “the price has to go higher.” According to…

Discover Crypto YouTube channel hosts have revealed a pattern on the Ethereum price chart that could signal the beginning of a significant rally. According to the hosts, a similar pattern in 2020 led to a 1,000% rally on the flagship altcoin. In a recently uploaded video, the Discover Crypto hosts showed that after 600 days, ETH’s price has broken out of an ascending triangle. One of the hosts noted that the signal indicated that altcoins are starting to see increased volume. He also saw it as an indication that a bullish market for altcoins is about to kick in. From…

Brink’s, the 164-year-old cash handling firm known for its bullet-proof trucks, has made a strategic investment in cryptocurrency custody specialist BitGo, the companies said on Wednesday. The financial details of the investment were not disclosed. Crypto has its roots in retail self-custody, but these days institutions are investing billions on behalf of clients, often requiring the back-up of fragmented master keys and physical hardware security modules (HSMs) – which is where a firm like Brink’s with its global secure logistics network comes in. “As much of our industry, and the financial services industry writ large, prepares for the digital tokenization…

Solana is committing to building its second smartphone after reaching 100,000 preorders ($45 million in sales) in just over a month. The second phone, much like the first, will have custom features designed to integrate buying, selling, holding and using cryptocurrencies. It took nearly a year for Solana to sell out 20,000 units of its first crypto phone. But the second phone has hit 100,000 pre-orders in just over a month. Solana Mobile’s “chapter 2” smartphone crossed a key threshold on Monday; it had previously set the 100,000 preorder milestone as a precondition to developing a second device. Now with…

The cryptocurrency market has taken a significant hit, losing over $60 billion in market capitalization following unexpectedly high inflation data in the United States. This development has considerably cooled the anticipation of an interest rate cut by the Federal Reserve in March, sending ripples across financial markets, including Bitcoin’s valuation. Bitcoin Drops on Higher Than Expected Inflation The core Consumer Price Index (CPI) in the US, excluding food and energy costs, rose by 0.4% from December. It marked the largest increase in eight months and exceeded analysts’ forecasts. The CPI saw a 3.9% climb year-over-year, maintaining the previous month’s rate.…